KSE 100-Index gains momentum back
KARACHI: Prime Minister’s visit to India brought positive change in the Stock Market with the Karachi Stock Exchange closed higher on Monday having 29020.48 points with a positive change of 264.48 points, ARY News reported.
High and Low were 29040.90 and 28755.14 respectively.
Total volume traded in the market was 145,123,768 and in terms of value it was 7,345,572,479.
Total traded companies were 346, among them 195 advanced, 126 declined while 25 went unchanged.
K-Electric Ltd. with a volume of 24,720,500 and price per share of 7.95 (0.23), Pak Elektron Ltd with a volume 8,945,000 of price per share of 26.00 (1.23), Faysal Bank with a volume 6,588,000 of price per share of 16.87 (0.55) were top traded.
Unilever Foods, Nestle and Rafhan Maize XD were top three advancers while Philip Morris Pak, Atlas Battery and Island Textile were top three decliners.
Analyst claimed that Prime Minister’s visit to India and governments decision to increase capital gain tax on buying selling helped stock market to boost.